Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Japan - 2024
Contents:
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Japan (FOB) - 2022
- Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Japan (CIF) - 2022
- Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Japan
- Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Japan
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Japan (FOB) - 2022
The average export price for tennis, badminton and similar racquets; whether or not strung stood at $6.6 per unit in 2022, which is down by -56.8% against the previous year. Overall, the export price faced a deep contraction. The most prominent rate of growth was recorded in 2017 an increase of 266% against the previous year. The export price peaked at $30 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($16 per unit), while the average price for exports to Malaysia ($6.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.7%), while the prices for the other major destinations experienced a decline.
Price for Tennis, Badminton and Similar Racquets; Whether or Not Strung in Japan (CIF) - 2022
In 2022, the average import price for tennis, badminton and similar racquets; whether or not strung amounted to $17 per unit, growing by 22% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tennis, badminton and similar racquets; whether or not strung increased by +86.7% against 2018 indices. The pace of growth appeared the most rapid in 2019 an increase of 25%. The import price peaked in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($27 per unit), while the price for China totaled $15 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.4%).
Exports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Japan
In 2022, exports of tennis, badminton and similar racquets; whether or not strung from Japan totaled 2.6M units, increasing by 1.5% against 2021 figures. Over the period under review, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 147%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of tennis, badminton and similar racquets; whether or not strung expanded to $41M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +7.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 58%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
Export of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 11.1 | 11.2 | 16.6 | 19.6 | 20.9% |
Singapore | 9.1 | 3.0 | 8.8 | 6.5 | -10.6% |
Taiwan (Chinese) | 2.7 | 2.3 | 4.0 | 2.7 | 0.0% |
Hong Kong SAR | 2.2 | 2.4 | 3.9 | 2.2 | 0.0% |
India | 1.4 | 0.9 | 0.6 | 1.6 | 4.6% |
South Korea | 1.7 | 1.4 | 0.5 | 1.5 | -4.1% |
United States | 0.4 | 0.3 | 0.8 | 1.1 | 40.1% |
Thailand | 0.7 | 0.6 | 0.6 | 0.8 | 4.6% |
Canada | 0.4 | 0.3 | 0.2 | 0.6 | 14.5% |
Australia | 0.4 | 0.4 | 1.2 | 0.5 | 7.7% |
Malaysia | N/A | N/A | 0.1 | 0.4 | 300.0% |
Others | 3.3 | 1.9 | 1.8 | 3.2 | -1.0% |
Total | 33.2 | 24.7 | 39.0 | 40.7 | 7.0% |
Top Export Markets for Tennis, Badminton and Similar Racquets; Whether or Not Strung from Japan in 2022:
- China (1221.4K units)
- Singapore (403.9K units)
- Taiwan (Chinese) (171.4K units)
- Hong Kong SAR (138.2K units)
- India (97.6K units)
- South Korea (91.1K units)
- United States (71.0K units)
- Malaysia (57.7K units)
- Thailand (50.8K units)
- Canada (39.6K units)
- Australia (33.6K units)
Imports of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Japan
For the third year in a row, Japan recorded decline in purchases abroad of tennis, badminton and similar racquets; whether or not strung, which decreased by -15.4% to 471K units in 2022. In general, imports recorded a deep slump. The smallest decline of -7.8% was in 2021. Imports peaked at 658K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of tennis, badminton and similar racquets; whether or not strung rose modestly to $8.2M in 2022. The total import value increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Tennis, Badminton and Similar Racquets; Whether or Not Strung in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 6.0 | 6.2 | 5.8 | 6.0 | 0.0% |
Taiwan (Chinese) | 1.5 | 1.4 | 1.9 | 2.0 | 10.1% |
Others | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
Total | 7.6 | 7.8 | 7.9 | 8.2 | 2.6% |
Top Suppliers of Tennis, Badminton and Similar Racquets; Whether or Not Strung to Japan in 2022:
- China (391.7K units)
- Taiwan (Chinese) (72.8K units)
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